ONDO.L vs. NEAR-USD
Compare and contrast key facts about Ondo InsurTech plc (ONDO.L) and NEAR Protocol (NEAR-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONDO.L or NEAR-USD.
Correlation
The correlation between ONDO.L and NEAR-USD is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ONDO.L vs. NEAR-USD - Performance Comparison
Key characteristics
ONDO.L:
0.62
NEAR-USD:
-0.55
ONDO.L:
1.58
NEAR-USD:
-0.45
ONDO.L:
1.19
NEAR-USD:
0.96
ONDO.L:
0.65
NEAR-USD:
0.00
ONDO.L:
1.30
NEAR-USD:
-1.73
ONDO.L:
33.28%
NEAR-USD:
31.12%
ONDO.L:
70.14%
NEAR-USD:
95.16%
ONDO.L:
-66.44%
NEAR-USD:
-95.13%
ONDO.L:
-6.86%
NEAR-USD:
-82.88%
Returns By Period
In the year-to-date period, ONDO.L achieves a -5.00% return, which is significantly higher than NEAR-USD's -29.24% return.
ONDO.L
-5.00%
2.70%
164.35%
40.74%
N/A
N/A
NEAR-USD
-29.24%
-33.90%
-19.36%
6.96%
N/A
N/A
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Risk-Adjusted Performance
ONDO.L vs. NEAR-USD — Risk-Adjusted Performance Rank
ONDO.L
NEAR-USD
ONDO.L vs. NEAR-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ondo InsurTech plc (ONDO.L) and NEAR Protocol (NEAR-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
ONDO.L vs. NEAR-USD - Drawdown Comparison
The maximum ONDO.L drawdown since its inception was -66.44%, smaller than the maximum NEAR-USD drawdown of -95.13%. Use the drawdown chart below to compare losses from any high point for ONDO.L and NEAR-USD. For additional features, visit the drawdowns tool.
Volatility
ONDO.L vs. NEAR-USD - Volatility Comparison
The current volatility for Ondo InsurTech plc (ONDO.L) is 18.47%, while NEAR Protocol (NEAR-USD) has a volatility of 26.34%. This indicates that ONDO.L experiences smaller price fluctuations and is considered to be less risky than NEAR-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.